Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help with 11.3 f Net sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end. Average inventory for the
please help with 11.3
f Net sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end. Average inventory for the year Inventory at year-end .. Required: a. Calculate the inventory turnover for 2016. b. Calculate the number o days' sales in inventory for 2016, using c. Calculate the accounts receivable turnover for 2016 d. Calculate the number of days' sales in accounts receivable for 016, using yeat inventories. 201 year-end accounts receivable was available Exercise 11.3 year ended December 31, 2016: $400,000 60,000 1,000,000 Net in Average total assets Average total stockholders' equity Dividends per share Earnings per share... Market price per share at year-end . 2.40 6.00 96.00 Required: a. Calculate margin, turnover, asd ROl for the ycar ended December 31, 20 b. Calculate ROE for the year ended December 31,2016. c. Calculate the price/earnings ratio for 2016. d. Calculate the dividend payout ratio for 2016. e. Calculate the dividend yield for 2016Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started